Innovate (VATE) Intangibles (2010 - 2025)
Innovate (VATE) recorded quarterly Intangibles of $165.2 million in Q4 2025, down 1.08% quarter-over-quarter from $167.0 million in Q3 2025, and down 4.18% on a YoY basis from $172.4 million in Q4 2024.
Innovate (VATE) Intangibles (2010 - 2025) Analysis & Trends
Innovate's Intangibles history runs 16 years deep, the most recent figure standing at $165.2 million for Q4 2025.
- In Q4 2025, Intangibles fell 4.18% year-over-year to $165.2 million; the TTM figure through Dec 2025 stood at $165.2 million (down 4.18% YoY), while the FY2025 annual figure was $165.2 million, down 4.18% from the prior year.
- Intangibles was $165.2 million for Q4 2025 at Innovate, down from $167.0 million in the prior quarter.
- In the past five years, Intangibles ranged from a high of $222.0 million in Q2 2021 to a low of $165.2 million in Q4 2025.
- Historically, Intangibles has averaged $184.8 million across 5 years, with a median of $179.8 million in 2023.
- The sharpest annual moves came in 2021 and 2022: Intangibles dropped 24.08% in 2021, then rose 22.2% in 2022.
- A 5-year view of Intangibles shows it stood at $208.4 million in 2021, then declined by 8.78% to $190.1 million in 2022, then decreased by 5.89% to $178.9 million in 2023, then dropped by 3.63% to $172.4 million in 2024, then decreased by 4.18% to $165.2 million in 2025.
- The last three Intangibles figures came in at $165.2 million (Q4 2025), $167.0 million (Q3 2025), and $168.6 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 2.72 Bn |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 464.77 Mn |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 1.09 Bn |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 761.20 Mn |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 548.01 Mn |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 1.62 Bn |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | 640.01 Mn |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 58.45 Mn |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | 925.95 Mn |
| 10 | Innovate | 231.31 Mn | 133.11 Mn | 58.90 Mn | 165.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 165.20 Mn |
| Sep 30, 2025 | 167.00 Mn |
| Jun 30, 2025 | 168.60 Mn |
| Mar 31, 2025 | 170.40 Mn |
| Dec 31, 2024 | 172.40 Mn |
| Sep 30, 2024 | 173.40 Mn |
| Jun 30, 2024 | 175.10 Mn |
| Mar 31, 2024 | 177.10 Mn |
| Dec 31, 2023 | 178.90 Mn |
| Sep 30, 2023 | 180.80 Mn |
| Jun 30, 2023 | 182.60 Mn |
| Mar 31, 2023 | 186.10 Mn |
| Dec 31, 2022 | 190.10 Mn |
| Sep 30, 2022 | 194.30 Mn |
| Jun 30, 2022 | 198.40 Mn |
| Mar 31, 2022 | 204.20 Mn |
| Dec 31, 2021 | 208.40 Mn |
| Sep 30, 2021 | 213.10 Mn |
| Jun 30, 2021 | 222.00 Mn |
| Mar 31, 2021 | 167.10 Mn |